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Which interest does section 54 of the Transfer of Property Act, 1882, require a sale of immovable…

Section 54 defines sale as a transfer of ownership for a price paid, promised, or partly paid and partly promised. A lease transfers a right to enjoy property, while a…

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Which interest does section 54 of the Transfer of Property Act, 1882, require a sale of immovable property to transfer?

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Answer and explanation

Correct answer C

Section 54 defines sale as a transfer of ownership for a price paid, promised, or partly paid and partly promised.

A lease transfers a right to enjoy property, while a mortgage or charge serves as security for payment.

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Option A

A mortgage transfers an interest in specific immovable property as security under section 58(a).

Option B

A right to enjoy the property is the interest transferred by a lease under section 105.

Option C

A sale under section 54 transfers ownership for a price.

Option D

Section 100 treats a charge as security for payment. The creation of a charge does not itself convey ownership.

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